August 12, 2019
Connect Orange County is coming up on August 22nd at The Resort at Pelican Hill in Newport Coast. More information about the event and registration details can be found here.
Vantis Capital Advisors completed a leasing assignment encompassing a 10,614-square-foot free-standing restaurant building at 190 S. State College Blvd. in Brea, CA. An older restaurant concept was replaced on a short term, periodic lease with a new, chef-driven restaurant concept from Toast Restaurant Group.
Vantis Capital Advisors’ Matt Hardke and Brenton Baskin handled the assignment. They explored and evaluated various strategies for ownership including a change of use, ground lease, build-to-suit, break up, and multiple pad development. In finding the highest and best use that fit the owner’s investment strategy, they were able to increase the landlord’s net operating income by 141%.
The property, adjacent to Brea Mall and the 57 Freeway, provided the new tenant with a near turn-key blank canvas it sought.
For comments, questions or concerns, please contact Dennis Kaiser